[Minnesota Proposes a Complete Ban on Cryptocurrency ATMs] On March 1, Minnesota lawmakers introduced House File 3642, a bill proposing a complete ban on the placement or operation of cryptocurrency automated teller machines (cryptocurrency ATMs) within the state, as well as the repeal of the regulatory framework established in 2024. The bill, introduced by DFL Representative Erin Koegel on February 23, 2026, aims to address the surge in scams targeting senior citizens and has garnered support from law enforcement agencies and consumer advocacy organizations. The Minnesota Department of Commerce believes that existing measures are insufficient to effectively combat complex fraudulent activities. The bill must pass both the state House of Representatives and Senate before being sent to the governor for signing. The legislative session will continue until May 2026.